New Blue Ribbon Resources Ltd (NBL.V was BLO) Message Board

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Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO)

NBL 8.460

0.0%

Oct 6 5:00 PM EST

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To: GWalker who wrote (86)	1/6/1997 10:29:00 PM
From: Malcolm Stagg	of 407

TO: All Good news on Blue Ribbon today with the private placement: Board changes; $900,000 private placement Blue Ribbon Resources Ltd BLO Shares issued 12,154,612 Jan 3 close $0.29 Mon 6 Jan 97 News Release Mr Martyn Element reports Mr Craig Thomas has resigned as a director and Mr Gordon Keevil has consented to fill that vacancy. Mr Doug Williamson has also consented to join the board of directors. Mr Keevil is a professional geologist and Mr Williamson is a former broker with Nesbitt Burns. The company will be proceeding with a private placement of up to 3,600,000 units at $0.25 for $900,000. Each unit will consist of one share and one warrant to purchase an additional share at $0.25 for 12 months. A finder's fee may be payable. Proceeds will be used for working capital and to complete further work on the company's Suriname properties. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com Stock closed at $.37 on 109,000 shares having jumped from the .29-.30 range. with some financing and news from Suriname we might see a much better 1997 from this level. Also J. Kaiser (Kaiser Express)has BLO as one of his picks for 1997 as does Michael Schaefer (Global Stock Report). Malcolm

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